Metaplanet, a cryptocurrency company, has announced an ambitious plan to increase its Bitcoin holdings from 11,111 to 210,000 BTC by 2027.
Metaplanet's Bitcoin Accumulation Strategy
Metaplanet is developing a detailed multi-year plan for increasing its Bitcoin holdings. By 2025, the company aims to accumulate 30,000 BTC, equating to 36.7% of projected revenues. This goal increases to 100,000 BTC by 2026, and by 2027, it aims for 210,000 BTC, which represents 5.3% of projected revenue. This reflects the company's significant commitment to Bitcoin accumulation.
Recent Purchases and Company Achievements
Recently, Metaplanet acquired 1,111 Bitcoins for $118.2 million, solidifying its accumulation strategy. This purchase brought the company’s total Bitcoin holdings to 11,111 BTC, making it the eighth largest corporate holder of Bitcoin. The company also reported a yield of 107.9% for the quarter and 306.7% for the year.
Bitcoin Market Overview and Its Impact on Accumulation
At press time, Bitcoin was trading at $101,552.07, reflecting a 0.84% decline over the last 24 hours. The market capitalization of Bitcoin was $2.01 trillion. Trading volume increased by 33.28%, indicating a resurgence in market activity. The circulating supply hovered around 19.88 million BTC, nearing the 21 million limit.
Metaplanet's Bitcoin accumulation strategy demonstrates an alignment with financial goals and responds to current market challenges.
